Everything You Need Before Lodging Your Tax Return
Preparing your tax return is much easier when you have all of your documents ready before you begin. Having the correct information can help ensure your tax return is accurate, reduce delays and maximise any deductions you may be entitled to claim.
Whether you're an employee, retiree, investor or sole trader, this checklist will help you gather the information you need before lodging your Australian income tax return.
Before starting your tax return, make sure you have:
If you worked during the financial year, gather details of:
If you received investment income, include:
If you own an investment property, collect records for:
Depending on your occupation, you may be able to claim eligible work-related expenses such as:
Always keep receipts and records to support your claims.
Have your private health insurance statement available if applicable.
Gather receipts for donations made to registered deductible gift recipients.
Include information relating to:
Remember to declare all income, including:
Useful documents may include:
Every taxpayer's situation is different. Our experienced accountants can assist with individual tax returns, investment property deductions, capital gains tax, sole trader returns and business taxation.
We take the time to ensure your return is prepared accurately while identifying legitimate deductions available under Australian tax law.
Contact PRZ Tax today to book an appointment with one of our friendly accountants.